On October 13, 2021, the Global Ethic in Finance and Economics Research Group will organize a symposium on the new strategy of the European Central Bank, especially on its role in the ecological transformation, at the Johann Wolfgang Goethe University in Frankfurt am Main. The conference topic is „The European Central Bank and its role in a sustainable financial system – problems and opportunities“.
Christine Lagarde, the president of the ECB, has emphasized in various statements that the central bank wants to play an active role in addressing the impending climate catastrophe. Can we take her at her word? What will that role be? What tools does the ECB even have to make a difference in problem areas such as decarbonization, biodiversity, energy transition, resource consumption and other sustainability fields? Is it entitled or even obliged to go beyond the classic core mandate of preserving monetary stability?
These and other questions will be discussed by experts from academia and business, civil society, the financial industry and institutions involved at national and European level. The ECB is also called to explain its strategies.
The conference, which follows on from the ECB Symposium of the Research Group 2020, will begin at 10 a.m. on Oct. 13 and will be opened by Goethe University President Prof. Dr. Enrico Schleiff. The number of participants is limited to a maximum of 200 people.
Registration for free participation is available at anmeldung [Klammeraffenzeichen] weltethos-institut [Punkt] org . For more information, contact Dr. Bernd Villhauer at villhauer [Klammeraffenzeichen] weltethos-institut [Punkt] org.
Program (as of 17.08.2021)
09.00 Greeting Prof. Dr. Enrico Schleiff (accepted), President of the Goethe University Frankfurt
09.15 Opening of the conference by Dr. Bernd Villhauer (confirmed)
09.30 „Sustainable Finance: What has happened – what needs to happen?“ – Prof. Dr. Johannes Hoffmann (confirmed) – German language
09.45 a.m. Impulse ECB or Bundesbank (requested)
10.15 a.m. Impulse European Commission Mairead McGuinness (cancelled)
10.30 a.m. „The credibility of the ECB put to the test“ – Impulse by Prof. Dr. Harald Bolsinger, FHWS (accepted) / Jens Minnemann, Vision for Finance (accepted) – German language
11:15 „Does the ECB have an effective strategy for sustainability?“ – Discussion – Dr. Dirk Ehnts (confirmed), Prof. Dr. Ulrich Klüh (confirmed), representatives ECB or Bundesbank (requested) (moderated by Dr. Bernd Villhauer) (confirmed). – German language
12.15 p.m. „The Global Perspective“ – Sandrine Dixcon Declève (confirmed) and „On the role of the ECB in the worldwide transformation“ Dr. Mamphela Ramphele (confirmed) – presentations in English
13.15 Lunch break
14.15 „New Monetary Policy in Practice. What does Modern Money Theory achieve?“ – Impulse by Dr. Dirk Ehnts (confirmed) – German language
3.00 p.m. „The KfW Group and its role in a sustainable financial system“ – Presentation by Dr. Fritzi Köhler-Geib (confirmed) – German language
15.45 Coffee break
16.00 „What does ECB policy mean for citizens and businesses?“ – Discussion – Prof. Dr. Gerhard Minnameier (confirmed), Dr. Fritzi Köhler-Geib (confirmed), Horst Schneider (confirmed), Adam Gehrke (confirmed) (moderated by Benedikt Hoffmann) – German language
17.00 h Final discussion with audience participation
5.45 p.m. Closing remarks Prof. Dr. Harald Bolsinger (confirmed) / Prof. Dr. Ulrich Klüh (confirmed) – German language
ca. 18.00 h End of the event